Money

By Nicole Goodkind and Krystal Hur, CNN New York (CNN) — The S&P 500 index closed Friday at a record high, fueled by surging tech stocks and bets that the Federal Reserve will cut interest rates this year. The benchmark index closed at 4,839.81, besting its previous high of 4,796.56, reached on January 3, 2022. Earlier in the trading

By Chris Isidore, CNN New York (CNN) — JetBlue Airways and Spirit Airlines filed an appeal late Friday of the federal court ruling from earlier this week that had blocked their proposed merger on antitrust grounds. The two-page appeal filed after the market close on Friday did not lay out any legal argument for the

By Ramishah Maruf, CNN New York (CNN) — The future of Sports Illustrated was uncertain Friday after the publisher of the iconic magazine and website laid off most or “probably all” of its guild-represented staff, its union said. In a memo sent to staff viewed by CNN, the magazine’s publisher said it is “laying off

By Peter Valdes-Dapena and Chris Isidore, CNN (CNN) — Ford will shut down one of two production shifts in April at the Dearborn, Michigan, factory that builds the F-150 Lightning electric pickup. The move is part of “matching F-150 Lightning production to customer demand,” the company said Friday. General Motors recently made a similar announcement

By Brian Fung, CNN (CNN) — The US government is coming down hard on a data broker accused of selling consumers’ detailed location histories without their consent, highlighting privacy regulators’ growing focus on a sensitive and revealing form of personal information. For the first time ever, the Federal Trade Commission said Thursday it was banning

By Anna Cooban, CNN London (CNN) — Germany’s finance minister has shrugged off suggestions his country has once again become the “sick man” of Europe. It’s just a little tired and in need of a “cup of coffee,” he said Friday. Long the engine of growth in Europe, Germany’s economy shrank last year by 0.3%,

By Clare Duffy, CNN New York (CNN) — An Apple executive in 2020 alerted Meta that their 12-year-old child had been “solicited” on Facebook, according to a newly unredacted version of the complaint in a lawsuit against Meta brought by New Mexico’s Attorney General in December. The lawsuit accuses Meta of creating a “breeding ground”

By Bryan Mena, CNN Washington, DC (CNN) — Americans’ attitudes on the economy are improving substantially as inflation slows. The University of Michigan’s latest consumer survey showed that sentiment improved greatly this month, soaring 13% from December, according to a preliminary reading released Friday. Sentiment reached its highest level since July 2021. “Consumer views were

By Anna Bahney, CNN Washington, DC (CNN) — The residential real estate market tumbled in 2023, as soaring interest rates steadily slowed sales activity — but home prices still hit a record high. The median home sale price in 2023 was $389,800, up about 1% from 2022 and the highest on record, according to data

By Jordan Valinsky, CNN New York (CNN) — Wayfair is laying off 1,650 employees, amounting to 13% of its global workforce, as the online home goods retailer struggled to rebound following its success amid pandemic lockdowns. CEO Niraj Shah, who recently went viral for telling his employees to work harder, said in an open letter

CNN Analysis by Allison Morrow, CNN New York (CNN) — Gen Z is coming into the workforce and — in one of the grand traditions of what Millennials cringe-ily called “adulting” — they’re complaining about how much easier older generations had it. Before all the Boomers and Slackers throw their tablets across the room, let

By Allison Morrow, CNN Lansdale, Pennsylvania (CNN) — Rachael Gambino and Garrett Mazzeo planned their financial life by the book: They went to college, paid down debt, saved aggressively, got married, bought a house, started a family. The dream. But sitting at the kitchen table of their suburban Pennsylvania home — an asset they feel both lucky

By Matt Egan, CNN (CNN) — Even Eminem might cringe at how much it costs to witness the Lions make their Cinderella run for the Super Bowl. Playoff tickets are fetching an average of $1,097 for the Lions home game against the Tampa Bay Buccaneers on Sunday in Detroit, easily the most expensive Divisional playoff

By Michelle Toh, CNN Hong Kong (CNN) — TSMC says its second factory in Arizona will be delayed, marking another setback for the world’s largest chipmaker and its role in US President Joe Biden’s bid to boost American manufacturing. The facility will now be operational in 2027 or 2028, compared to previous expectations of a

By Oliver Darcy, CNN (CNN) — Staffers at the Los Angeles Times will stage a one-day walkout on Friday after the newspaper’s management indicated that it expects to soon lay off employees as it struggles financially. The act of protest will be the first such work stoppage in the outlet’s 143-year history, said the Guild,

By Oliver Darcy, CNN (CNN) — Casey Newton won’t compromise on Nazis. In a world in which it can be difficult to read the moral compass of some legacy news organizations, the renowned technology journalist and founder of the independent digital news outlet Platformer has taken decisive action to ensure his media company lives up to its own stated

By Bryan Mena, CNN Washington, DC (CNN) — Americans are living through one of the toughest housing markets in recent memory. It’s even tougher for young people who need to save up for a down payment, build up their credit score and jump through various other hoops before owning a home. Home prices are rising

By Parija Kavilanz, CNN New York (CNN) — Walmarts are huge. Thousands of square feet, thousands of products, thousands of shoppers. Now, Walmart is saying it’s going to pay the managers of those stores, charged with that huge responsibility, accordingly, with a new average salary of $128,000 a year. Walmart said Thursday it is boosting

By Nathaniel Meyersohn, CNN New York (CNN) — Veteran department-store chain Macy’s is laying off about 3.5% of its workforce, or roughly 2,350 employees, and closing five stores as it continues to shrink its massive retail business for the online-shopping era. “As we prepare to deploy a new strategy to meet the needs of an

By Samantha Murphy Kelly, CNN (CNN) — Meta is getting more serious about securing its place in the growing AI arms race. CEO Mark Zuckerberg announced on Thursday that Meta plans to build its own artificial general intelligence, known as AGI, which is artificial intelligence that meets or surpasses human intelligence in almost all areas.